As you know reverse mortgage is something that is only available to seniors who are over the age of 62 and are eligible. There are two main types of mortgages that are categorized under reverse mortgages. These are called Home Equity Conversion Mortgage (HECM) and Non – Home Equity Conversion Mortgage (Non-HECM). Firstly, we will [Continue]

A reverse mortgage is a type of loan which is available for seniors. This type of loan is used to take the home equity value out of a property in one bulk payment or in multiple payments. In simple words, you are turning the equity in your home into solid cash. This allows you to [Continue]